Chevy Finance: ‘It is not a big deal’ for us
The financial giant has been hit by a wave of financial problems over the past year, with the company reporting a net loss of $6.8 billion.
It has since announced it is reducing the number of staff in the United States.
The company said it was also reducing its focus on overseas markets.
The financial company was founded by brothers John and Doug DeLisi in 1961, with a US-based workforce of more than 3,000.
The brothers, who are still alive, bought the company for $15 million in 1989.
They had worked at the company since 1963.
The DeLisi brothers have since built their business empire in the U.S. and around the world.
Chevy has had to make some tough decisions about its future overseas, including the closure of several US locations.
However, it is still operating at a very strong profit.
In its most recent annual report, Chevy said it made $16.7 billion in the second quarter of 2016, an increase of 8.7 per cent on a year earlier.
The profit was driven by growth in its North American business, and increased revenue from its US operations, which it said generated $4.4 billion.
Chief executive Doug DeLisi said the company was focused on the U,S.
market and is not looking to expand in other markets.
“Chevy Finance is a global company and we are focused on expanding globally,” he said.
He added that Chevy’s decision to reduce its workforce in the US, which was down to 2,000 employees, would be offset by an increase in staff from the U and other parts of the world and its expansion into Europe.
More to come.
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